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Gardner 01440
2 Racette Ave
$100,000
● House - Off Market

2 Racette Ave

Gardner, MA 01440
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,502 Ft²
$399,861
RealtyHop Estimate
270.24%
Since Mar 1, 1997
National-US
Primary Model

About This Property

THE CONTRACTOR'S OWN HOME - CUSTOM-BUILT WITH QUALITY & CARE WALL TO WALL FIREPLACE - CENTRAL VAC - FULL APPLIANCED KIT. CORNER LOT PROFESSIONALLY LANDSCAPED - TO SETTLE ESTATE SUPERIOR RANCH ON ONE OF GARDNER'S BEST & WELL KEPT STREETS
Unit Size
1,502 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$72
Property Type
House
Property Taxes
$129
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #30141734)

Price History

Date / Event Date Event Price
Feb 6, 1997 Sold
Premium
Sold
Jan 7, 1997 Listed by Gardner Real Estate Co. $108,000
Listed by Gardner Real Estate Co.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,993
  • Total Building Area: 1,502
  • Gross Building Area: 3,452
  • Building Area: 1,502
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,502
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000252
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gardner School District
  • School Tax School District: GARDNER SD
  • Census Tract: 707400

Geography

  • Parcel: GARD M:M32 B:23 L:11
  • Block: 23
  • Lot: 11
  • Municipality: GARDNER
  • Latitude: 42.5884
  • Longitude: -72.0025

    Address

  • Full Address: 2 Racette Ave
  • Address - House Number: 2
  • Address - Street Name: Racette
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gardner
  • Carrier Code: C012
  • 4-Digit Zip Code: 1918
  • Zip Code: 01440

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $472,000

    Appraisal Valuation

  • Standard Deviation: 0.2075
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 358,155
  • High Value: 432,483
  • Low Value: 283,827

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $314,900
  • Assessed Land Value: $62,900
  • Assessed Improvements Value: $252,000

    Sales

  • Current Sale Recording Date: Feb 06, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gardner

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2475 ft²

Average Home Age

91.8 years

Currently For Sale

55 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30141734

Frequently Asked Questions

When was property at 2 Racette Avenue built and last sold?
The property at 2 Racette Avenue was built in 1952 and last sold on Jan 1, 1970 for $100,000.
How much is this home worth?
The estimated value of the home located at 2 Racette Avenue is $0.
What are some comparable homes to 2 Racette Avenue?
There are currently no comparable homes to 2 Racette Avenue.
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